What kinds of risks does a firm like Amazon.com face with respect to safeguardin

Question

What kinds of risks does a firm like Amazon.com face with respect to safeguarding its assets? What types of controls do you think it already has in place to minimize these risks? Go to the firm’s website and click on “Investor Relations”. You’ll be able to find the firm’s annual report to help you answer these questions. Are any specific controls mentioned in the annual report? What depreciation method does Amazon use for property and equipment? What is the range of useful lives for buildings and for fixtures and equipment? Do these useful lives make sense? Find the heading Goodwill. What type of an asset is goodwill? Does Amazon write off this asset? Explain what the company does.

Explanation / Answer

Creating and implementing a comprehensive asset-protection plan involves almost every aspect of your business. The goal of the plan is to protect your business assets within the framework of your business operation. There are many risks that are faced by different sites with respect to safeguarding of its assets. Your end users can cause you security problems like trying to hack the internal systems, deleting data, downloading malware. systems can crash if not maintained properly, they can be hacked from internal and external resources.. Physical access shall be restricted to authorized personnel. There are various other threats faced by such e commerce companies like amazon.com

The various Cash Handling Internal Controls , Monitoring and seggregation of duties. At the end of each day, any cash not deposited should be stored in a fire-proof vault, if possible. Combinations and passwords should be given to as few people as is necessary.

Goodwill is an Iintangible Asset..

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